At December 31, 2022, Vaughn Manufacturing inventory records indicated a balance of $ 638000. Upon...
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At December 31, 2022, Vaughn Manufacturing inventory records indicated a balance of $ 638000. Upon further investigation it was determined that this amount included the following: - $ 109000 in inventory purchases made by Vaughn shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $ 71000 in goods sold by Vaughn with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. - $ 7400 of goods received on consignment from Angela Company What is Vaughn's correct ending inventory balance at December 31, 2022? $ 529000 O $521600 O $450600 O $630600 The following information was taken from Ayayai Corp.cash budget for the month of July: Beginning cash balance $118000 Cash receipts 113000 Cash disbursements 160000 If the company has a policy of maintaining an end of the month cash balance of $118000, the amount the company would have to borrow is O $23500. O $70500. O $47000. O $33000
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